Laserfiche WebLink
r <br />CITY OF COLTON <br />AGENDA REPORT FOR COUNCIL MEETING OF JUNE 23, 1997 <br />TO: Honorable Mayor and City Councilmembers <br />APPROVAL: Gracie Fernandez Harmon, Acting City Manage <br />FROM: Anna A. Vega, Finance Director ,oa <br />SUBJECT: Resolution Adopting the 1997-98 Fiscal Year <br />Budget. <br />DATE: June 18, 1997 ~ <br />BACKGROUND <br />On May 29, 1997 staff provided copies of the 1997-98 fiscal year budget to the <br />City Council. Those documents consisted of a program budget and a line item <br />operational budget with detail. <br />DISCUSSION/ANALYSIS <br />On June 3, 1997 Council made a motion to set aside $600,000 of general fund <br />Utility Users Tax for a salary compensation fund. Staff presented to the City <br />Council five options on how this could be accomplished on June 17, 1997. The <br />City Council selected option no. 5, which has been incorporated into the revised <br />budget being presented. (Exhibit 'A') Staff is prepared to answer any questions <br />you may have. <br />FINANCIAL IMPACT <br />The budget message addresses the 1997-98 financial impacts. <br />RECOMMENDATION <br />Approve the attached resolution adopting the budget for fiscal year commencing <br />July 1, 1997 and ending on June 30, 1998 as presented on Exhibit `A'. <br />Item No. 1 <br />